‘Bad idea’: PM rules out changes to capital gains tax on the family home
Opposition Leader Peter Dutton is warning Labor will impose more tax increases in the wake of its change to superannuation tax concessions and vowed to reverse the decision while the prime minister ruled out any future changes to capital gains tax concessions on the family home.
Asked if he would stop the change from going ahead in 2025 as planned if he won the next election, Dutton said: “We’re absolutely dead against it and we will repeal it.” Treasurer Jim Chalmers said the government had not considered changes to superannuation tax before the election last year, or even before the October budget.show on Wednesday morning, the treasurer acknowledged the decision would come with a political cost.
After the Tuesday announcement, Albanese refused to rule out taking other tax reforms to the election. Data released by Treasury showed tax breaks on super would be worth $50 billion this financial year, while the government will alsoShadow treasurer Angus Taylor called the super change “a slippery slope”.
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